5285 Big Oak Rd, Saint Augustine, FL, 32095 | $2,495,000

Rare opportunity to own 5. 53 acres of Industrial Warehouse property with multiple tenants in place. Stabilized income with immediate expansion upside. Additionally, the owner has engineered plans approved for (2) - 5000 sq. ft. buildings to be constructed or modify the plans for larger buildings. Walk into immediate income while you build a few more warehouses to maximize the property's potential. The site layout allows for easy modification to support larger industrial footprints or specialized flex space. The main existing building features 1204 sq. ft. of conditioned space and 1892 sq. ft. of unconditioned space with a ceiling height of 14 ft. Equipped with 200-amp 3-phase power, ideal for manufacturing, heavy equipment, or specialized trades. Bonus Functional Area: A massive 20' x 50' (1, 000 sq. ft. ) covered back patio, perfect for weather-protected staging, equipment storage, or an outdoor fabrication area. Multiple long term tenants in place will provide steady income right away. It is no secret that St. Johns County is facing a critical, long-term shortage of functional warehouse space. While residential rooftops continue to multiply, industrial inventory hasn't kept pace—making this 5. 53-acre multi-tenant property one of the most strategic assets currently on the market. See Documents for Expansion Plans. All information, including square footage and acreage, is deemed reliable but not guaranteed. Listing broker and seller do not warrant or represent the accuracy of any measurements or property dimensions contained herein. All interested parties and their agents are strongly encouraged to independently verify all measurements and property specifications prior to closing.

Features

  • Current Use: Industrial-Light,Warehouse Storage
  • Cooling: Central A/C,Electric
  • Zoning: IW
  • Lot Size: 243,631 sq. ft.
  • Year Built: 1997
  • Approx Sq. Feet: 3,094
  • Acreage: 5.58
  • Est. Taxes: $7,957
  • MLS#: 260951
  • Days on Market: 39 days
  • Website: https://www.raveis.com
    /prop/260951/5285bigoakrd_saintaugustine_fl?source=qrflyer
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Listing courtesy of Superior Real Estate Services

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

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5285 Big Oak Rd, Saint Augustine, FL, 32095

$2,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,996,000 $1,996,000 $1,996,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.289% 6.259% 6.203%
Monthly Tax Payment $663 $663 $663
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,807 $12,128 $16,843
Total Monthly Payment $12,595 $12,916 $17,631

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.